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DiagnaMed and TerraVent announce collaboration for next-generation clean H2 production

DiagnaMed Holdings Corp., a leading provider of innovative technology solutions for the cleantech and life sciences industries, has announced a strategic collaboration with TerraVent Environmental Inc. This partnership will advance the evaluation and integration of two ground-breaking H2 production technologies with TerraVent’s proprietary Heatwave® electromagnetic thermal tools in both petroleum reservoirs and geologic H2 producing geologies. Together, this collaboration will produce low-cost, carbon-zero H2, revolutionizing traditional methods and significantly reducing greenhouse gas emissions.

This strategic alliance underscores DiagnaMed’s commitment to commercializing its breakthrough H2 production processes.

The first technology, pioneered by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, is an innovative method combining hydraulic fracturing with electromagnetic heating to efficiently extract H2 from light oil, gas, and shale reservoirs. By repurposing existing oil and gas infrastructure, including over 25,000 active oil and gas fields globally and the 2-3 million abandoned wells in the U.S., this technology can be implemented far more quickly than technologies still in the ideation stage, positioning DiagnaMed at the forefront of the clean H2 revolution. With projected H2 production costs as low as $0.86 per kilogram, these technologies align perfectly with the U.S. Department of Energy’s “H2 Shot” initiative to achieve $1/kg H2 by 2031.

The second, developed in-house at TerraVent, stimulates naturally occurring H2 generation (white, natural or geologic H2) with small amounts of zero-Carbon ElectroMagnetic (EM) heat. TerraVent’s novel process, combined with their existing EM heating systems, increases the production of geologic H2, bringing marginal production sites to full commercial viability. H2 production costs for enhancing natural production of H2 are expected to be even lower than production from hydrocarbon reservoirs, close to half the $1/kg goal.

This collaboration builds on DiagnaMed’s recent partnership with Québec Innovative Materials Corp. (QIMC) to implement its pioneering H2 extraction technology at QIMC’s St-Bruno-de-Guigues H2 Project in Québec, which QIMC recently announced its test results that have exceeded expectations with one H2 concentration measurement reaching a high of 7,119 parts per million (ppm) and plateauing at 2,886 ppm and five other measurements above 550 ppm including one of over 2,400 ppm, one of over 1,000 ppm and one of over 900 ppm. QIMC’s existing geologic H2 assets provide the perfect demonstration site of geologic H2 production, years earlier than the industry anticipated. Together, these partnerships solidify DiagnaMed’s role as a leader in advancing sustainable energy solutions.

Fabio Chianelli, Chairman and CEO of DiagnaMed, stated, "Partnering with TerraVent is a pivotal step in our mission to drive innovation in clean H2 production. By combining our proprietary H2 extraction from hydrocarbons technology with TerraVent’s geologic H2 stimulation process and advanced EM thermal tools, we are uniquely positioned to deliver cost-effective, carbon-neutral H2 solutions that meet the growing global demand for sustainable energy. This collaboration exemplifies our commitment to empowering the energy sector with transformative technology that unlocks new value from existing resources."

John Karagiannidis, CEO Québec Innovative Materials Corp. (QIMC), commented, "DiagnaMed’s H2 technology represents a game-changing advancement in the clean energy sector. This collaboration with TerraVent is a bold step toward making large-scale, carbon-zero H2 production a reality. We are proud to support DiagnaMed’s efforts in accelerating the global transition to sustainable energy."

Kevin Pope, CEO of TerraVent Environmental Inc., added, “TerraVent is excited to team up with DiagnaMed and QIMC to accelerate demonstration of H2 production at commercial scales and costs that will enable a H2 energy economy to form far more quickly than expected, well in advance of the DOE’s 2031 target.”